Gas Prices

[Rex]

gas prices shot up overnight, up to about $5.40 a gallon up here now.

 

[MassHavoc]

I appreciate you doing the conversion for us because your system is just wacky.

 

[Rex]

I appreciate you doing the conversion for us because your system is just wacky.

No problem.

 

[IceHogsFan]

Barrel at $90.12 today





Gallon here $3.88



Average gallon Obama took office $1.85

 

[MassHavoc]

I cant' tell if you are saying your first two are good or bad? I don't really know what 90.12 a barrel means, is that good? I believe it's high but I remember in may it was at like 104 or something?



And does that mean that gas is upto 3.88? I haven't looked at our prices lately but that is still much lower than I'm paying here so I can't tell if you are saying it's good or bad other than the comparison to what it was 4 years ago.

 

[LordKOTL]

Maybe I'm hallucinating here, but I don't recall a gallon of gas being below $2.00 per gallon anywhere near where I live since the beginning of Bush's 1st term.

 

[Rex]

Maybe I'm hallucinating here, but I don't recall a gallon of gas being below $2.00 per gallon anywhere near where I live since the beginning of Bush's 1st term.

When I went through Michigan for the Winter Classic I remember gas was $1.40 a gallon and I nearly shit my pants at how low that was.

 

[IceHogsFan]

I cant' tell if you are saying your first two are good or bad? I don't really know what 90.12 a barrel means, is that good? I believe it's high but I remember in may it was at like 104 or something?



And does that mean that gas is upto 3.88? I haven't looked at our prices lately but that is still much lower than I'm paying here so I can't tell if you are saying it's good or bad other than the comparison to what it was 4 years ago.

WTI oil fell through its 100-day moving average of $99.25 Wednesday morning. “The next major number we are looking for is $88.85, which is a 50 percent retracement of the June to September rally,” said Kilduff. “Then you’ll have some support at $86 and then $82.” Brent, the international benchmark, was also lower, falling 0.4 percent to $110.04 per barrel.



The point I was trying to make is that oil prices are dropping dramatically yet gas prices are not.

You can learn more here http://www.cnbc.com/id/49179733

 

[TSD]

Maybe I'm hallucinating here, but I don't recall a gallon of gas being below $2.00 per gallon anywhere near where I live since the beginning of Bush's 1st term.

Officially it was. I went to check because I honestly cant remember the last time I paid less than 3 dollars for a gallon of gas.



To be fair there were points during GW's term where it spiked above 4 dollars. I just have a hard time believing the gas prices are all Obama's fault. If Romney wins, and gas prices plummet to 2 bucks, I would gladly eat my crow though.

 

[IceHogsFan]

Officially it was. I went to check because I honestly cant remember the last time I paid less than 3 dollars for a gallon of gas.



To be fair there were points during GW's term where it spiked above 4 dollars. I just have a hard time believing the gas prices are all Obama's fault. If Romney wins, and gas prices plummet to 2 bucks, I would gladly eat my crow though.

Nothing is ever Obama's fault.

 

[LordKOTL]

In all fairness:



1) It wasn't just under Obama's watch that Oil prices and Gas prices were compltely disjointed. Same thing happened under Bush.



2) The PacNW has some of the highest gas prices (right up there with Cali). Right now it's a stretch to find 87 octane for less that $3.99. Maybe that's stunting my view.

 

[MassHavoc]

WTI oil fell through its 100-day moving average of $99.25 Wednesday morning. “The next major number we are looking for is $88.85, which is a 50 percent retracement of the June to September rally,” said Kilduff. “Then you’ll have some support at $86 and then $82.” Brent, the international benchmark, was also lower, falling 0.4 percent to $110.04 per barrel.



The point I was trying to make is that oil prices are dropping dramatically yet gas prices are not.

You can learn more here http://www.cnbc.com/id/49179733

Ahh see, I thought you were saying they were both up, which in my head is understandable because you would think if one goes up that the other goes up. I don't follow oil prices to know if 90 is up or down. It would make sense that something is strange if the oil is dropping but pump prices aren't. Isn't there a delay of the barrel to pump though? I would imagine as it always happens the gas prices will stay the same, the oil prices will keep dropping, and close to the election the gas prices will finally follow suit and plummet.

 

[IceHogsFan]

Ahh see, I thought you were saying they were both up, which in my head is understandable because you would think if one goes up that the other goes up. I don't follow oil prices to know if 90 is up or down. It would make sense that something is strange if the oil is dropping but pump prices aren't. Isn't there a delay of the barrel to pump though? I would imagine as it always happens the gas prices will stay the same, the oil prices will keep dropping, and close to the election the gas prices will finally follow suit and plummet.

I have stated for some time that Obama is going to strategically release some of the Strategic Oil Reserve before the election. You will find that in this thread somewhere. Bank on it.

 

[BlackHawkPaul]

Nothing is ever Obama's fault.

According to who?

[font='Helvetica Neue', Arial, Verdana, sans-serif][background=rgb(255, 255, 255)]



I was never a big fan of Bush, but I never blamed him for what I was paying at the pump.[/background][/font]

 

[PatrickShart]

I saw a bumper sticker just yesterday..."When Obama came into office...gas was 1.86 per gallon"



I don't/can't remember that....



Anyways, I'm not one that think the war/us going into the middle east had anything to do with oil, contrary to popular belief. I think the target all along was the lithium in the ground - same reason the ruskies wanted it. Now that we're somewhat established there, I tend to believe the battery operated cars and other power are going to be coming up (not tomorrow...but in the near future). That new technology will be used to pull us out of this recession...the way other tech advancements have pulled us out in the past.

 

[jakobeast]

I saw a bumper sticker just yesterday..."When Obama came into office...gas was 1.86 per gallon"



I don't/can't remember that....



Anyways, I'm not one that think the war/us going into the middle east had anything to do with oil, contrary to popular belief. I think the target all along was the lithium in the ground - same reason the ruskies wanted it. Now that we're somewhat established there, I tend to believe the battery operated cars and other power are going to be coming up (not tomorrow...but in the near future). That new technology will be used to pull us out of this recession...the way other tech advancements have pulled us out in the past.

I absolutely agree. I really truly believe its the lithium, not so much the oil.

 

[Pez68]

Barrel at $90.12 today





Gallon here $3.88



Average gallon Obama took office $1.85

Does Obama somehow have control over the Unleaded Gas commodities trading? Because that's why the gas prices are where they are.



It is trading at $2.87 a gallon as of today. So....

 

[jaxhawksfan]

I saw a bumper sticker just yesterday..."When Obama came into office...gas was 1.86 per gallon"



I don't/can't remember that....



Anyways, I'm not one that think the war/us going into the middle east had anything to do with oil, contrary to popular belief. I think the target all along was the lithium in the ground - same reason the ruskies wanted it. Now that we're somewhat established there, I tend to believe the battery operated cars and other power are going to be coming up (not tomorrow...but in the near future). That new technology will be used to pull us out of this recession...the way other tech advancements have pulled us out in the past.

Wait? You mean cars are going to be powered with mind-control drugs in the future?

 

[MassHavoc]

EDIT: The site won't let me post the pics for some reason, some format error. so you'll have to click the link.





http://66.70.86.64/C...e,,&Unit=US $/G



I got this from GasBuddy.com which I don't believe leans either way as it's just an app for finding a nearby gas station. It probably leans toward one company of the other but I don't believe they are politically affiliated significantly.

Here is the link. http://gasbuddy.com/...rice_chart.aspx



Looking at this, it's 8 years of data, gas was 1.87 when he entered office. But it was also $4.12 a month or two before the plummet. This is higher than at any point in his administration. It also fully supports that gas prices will plummet near the election, as they did the last time they did with the old president just before the election. So it's not a democratic or republican trick it's a presidential trick, becuase you can. Also they don't go back further than 8 years, but I bet if you extended it another year, you'd see that just before the election in 04 the gas prices were much higher than the 1.87 they were in 2005. I think prices will plummet but I don't think it will be to anywhere close 1.87.



And in case you were wondering here it is with the crude oil price.



http://66.70.86.64/C...e,,&Unit=US $/G



And for the assholes up nort.



http://66.70.86.64/C...,,&Unit=CAN c/L

 

[LordKOTL]

I love that app.